Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1887-04-09
THE STATE OF TRADE.
THE EXPECT OF THE INTERSTATE con.
NRRCE LAW ON BUSINESS.
Western Escasns kiskias-An Immense Number Of
Difficulties 10 be SarnQn,ed BY the Csnnssiou
-COaaicthg hisrsss-Tis 6snaal
Basinsss is Fairly Active

NEw YORK, April s.-R. &. Dun & Co.
in their weekly review Of trade say: The
Interstate Commerce act causes quito as
much disturbance Is vas anticipated. Ship
ments in the aggregate are enormous for
distribution beyond Chicago have to Be Ne
billed there; merchants and manufacturers
find rates raised from 30 to SO per cent on
many distant shipments; Pacific lines COM
plain that rans-continental traffic Is reu-
dered impossible unless they are exempted;
the association Of twenty-seven Southern
porary exemption, because Of consequent
interruption Of traffic. Northern lines,
competing with lake transporter, claim
equal needs, and interior roads cite large
shipments Of -four down the Mississippi
because through rail rates are raised.
Coal rates increase cost Of fuel 81 per
ton about Philadelphia. Ch'nees in iron
freights disturb the trade, aud may close
some of the furnaces These are but few
of the difficulties which the Commission is
expected 10 examine, and in some way TO
remedy, but the question Is how tar Is 1t
able.
GENERAL BUSINESS Is FAIRLY ACTIVE,
though dullness is the complaint at some
points The output Of iron for the first
quarter Of 1887 is reckoned at ,86s, ,0iS
tons, which is, at the rate Of Il o per cent.
over last years production. Yet the
present demand is slack.
New Orleans finds freight handling EN-.
barraSsed by labor dissensions, and trade
is dull there, at Mobile, and Montgomery,
active Mt Birmingham, improving Mt
Louisville except in distilling and quiet,
active and hopeful at Milwaukee since the
defeat OF the labor ticket.
Money is moderately in gvod supply
though growing scarUe ut Cleveland, AMI
needed at Milwaukee GU account Of SLOW
collections. From most points collections
are reported reasonably prompt There Is
growing
REAL ESTATE SPECULATION,
and especially at Cincinnati aud Louis
Vile, and at other Western cities, aud new
manufacturing centres at the South. Not
a few prudent men doubt whether there Is
not an undue expansion Of credits result
ing from speculative activity, aud caution
in that directien il certainly warranted.
In the greater markets speculations il
spasm0dic.
Wheat has advanced lc; corn aud oats
change little; hogs aud lard ARE lower; oil
had a spasm Of activity for two days, but
closes less than y cent higher than last
week; tin RECEIVERS little after decline,
and copper, iron, sugar aud wool are un-
changed. Coffee has risen Ic and cotton a
sixteenth.
declined sharply when Wall street realized
that the long expected disturbances, Ia
consequence of the Interstate act had
actually commenced and then recovercda
little on suspension OF the act by the Com.
mission in favor Of the Southern roads.
Flurries OF stringency 10 the money
market have continued, but the treasury
has poured out 81 200, DO0 in gold during
the week, 81 ,OO0. 600 in silver aud 81 500
600 legal tenders in excess ot its receipts.
Its rapid inaation Of currency prevents
pressure but contributes 10 the expansion
Of credits already noticed. Foreign ei-
changes have been undisturbed aud no fear
of exports of species Is felt. Exports Of
produce continue satisfactory and the
enormous revenues OF the Government for
March, greater than for any other month
in many years, is evidence Of business nc
tivity, though il shows how considerable the
contraction of currency must bc after July
], unless the Treasury consents TO pay .
high premium for bonds not due.
THE BUSINESS FAILURES
during the last seven days Tor the United
States 1872. for Canada -. total 223,
against 223 last week. and 2lb the CORES
poDding week Of last year. Failures in all
sections Of the country are about up 10 the
average, except in New York city, where
the assignments number only six which
were unimpoftant.